Roblox (RBLX) stock plunges as it cuts annual bookings forecast, Q2 bookings outlook misses consensus

Roblox Corp. (RBLX) PT Lowered to $40 at Deutsche Bank

May 10, 2024 6:01 AM EDT

Deutsche Bank analyst Benjamin Black lowered the price target on Roblox Corp. (NYSE: RBLX) to $40.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "We would be buyers of the current weakness of Roblox's stock. Admittedly, the FY24 bookings guide-down was very disappointing, but we contend that the stock... More

Roblox Corp. (RBLX) PT Lowered to $37 at Wells Fargo

May 10, 2024 5:43 AM EDT

Wells Fargo analyst Ken Gawrelski lowered the price target on Roblox Corp. (NYSE: RBLX) to $37.00 (from $50.00) while maintaining a Overweight rating.

The analyst comments "View recent progress with Roblox's ads build-out as positive, but believe longer- duration investors will need to see several... More

Roblox Corp. (RBLX) PT Lowered to $35 at Morgan Stanley

May 9, 2024 4:24 PM EDT

Morgan Stanley analyst Matthew Cost lowered the price target on Roblox Corp. (NYSE: RBLX) to $35.00 (from $42.00) while maintaining a Equalweight rating.

The analyst comments RBLX's 2Q guidance and reduced '24 outlook disappointed, with weaker content offerings and app performance issues weighing on... More

Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise

May 9, 2024 8:17 AM EDT

(Updated - May 9, 2024 11:31 AM EDT)

Investing.com -- Main U.S. indexes rose Thursday amid signs of cooling in the labor market following a rise in weekly jobless claims, boosting hopes the Federal Reserve will lower interest rates.

Here are some of the biggest U.S. stock movers today:

Arm Holdings (NASDAQ: ARM) ADRs slumped 2% after the chip designer delivered annual revenue guidance that fell short... More

Roblox forecast cut adds to videogame gloom, shares fall most in two years

May 9, 2024 8:10 AM EDT

By Zaheer Kachwala

(Reuters) -Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23% to mark their worst day in more than two years.

The move signaled that people were dialing back on spending within Roblox's video-gaming platform amid an uncertain economic outlook and elevated inflation. Video game publisher Electronic Arts also gave a weak revenue forecast earlier this week.

Roblox expects full-year bookings an indicator of future revenue to be between $4 billion and $4.10 billion, down from its earlier view of $4.14 billion to $4.28 billion.

Its... More

Roblox (RBLX) Tops Q1 EPS by 10c, Offers Guidance

May 9, 2024 8:04 AM EDT

Roblox (NYSE: RBLX) reported Q1 EPS of ($0.43), $0.10 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $801.3 million versus the consensus estimate of $769 million.

Bookings1 were $923.8 million, up 19% year-over-year.

GUIDANCE:

Roblox sees Q2 2024 revenue of $855-880 million, versus the consensus of $805.2 million.

Second Quarter 2024... More

Roblox (RBLX) May weekly 39 straddle into quarter results

May 9, 2024 5:34 AM EDT

Roblox (NYSE: RBLX) May weekly 39 straddle priced for a move of 13% into the expected release of quarter results today.

... More

Roblox (RBLX) earnings preview: A 'standout in the new AI-driven operating environment'

May 8, 2024 7:00 PM EDT

Roblox (NYSE: RBLX) will report its first-quarter earnings before the market opens on May 9, 2024. Analysts at Benchmark previewed the results ahead of the release.

The firm told investors in a research note that it anticipates sustained success in top-line growth through rigorous cost... More

Roblox (RBLX) May weekly option implied volatility into quarter results

May 8, 2024 10:45 AM EDT

Roblox (NYSE: RBLX) May weekly call option implied volatility is at 193, May is at 110; compared to its 52-week range of 37 to 87 into the expected release of quarter results before the bell on May 9.

... More